Assignment: Organization's Marketing
Scenario: You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions.
Write a 1,200-word analysis including the following:
• The impact the theory of consumer choice has on:
o Demand curves
o Higher wages
o Higher interest rates
• The role asymmetric information has in many economic transactions.
• The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy.
• People are not rational in behavior economics.
Cite a minimum of three sources
Format your paper consistent with APA guidelines.